Chinese company announces to make huge investment in Pakistan’s services sector

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Chinese company announces to make huge investment in Pakistan’s services sector

ISLAMABAD - A Chinese investor has worked out a comprehensive plan to invest as much as $600 million in Pakistan, one of the investors told APP.

While exclusively speaking with the state-run news agency, the Chief Operating Officer (COO) of Timesaco said that the company intends to offer services in five critical sectors in six big cities of the country.

Donald Li told APP that their company is going to start with an initial investment of at least $20 million, with prospects of $600 million. They intend to offer services in transportation, cargo, bank transactions, and advertising.

He said,

We will provide a rapid services platform to citizens by launching five special services including the Buraq Taxi Service, Heavy Cargo Delivery, Orders’ Delivery, Moving Automated Teller Machines (ATM) and vehicle advertisement facilities under the Umbrella of Timesaco.

He added that these services would initially be launched in six major cities, including Karachi, Lahore, Faisalabad, Islamabad, Rawalpindi, and Peshawar. With time, the services would be extended to other cities as well.